Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

	Initial Cost to Company						Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition		Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Centers:
10-Federal Shopping Center	$	1,791	$	7,470	$	936	$	1,791	$	8,406	$	10,197	$	(7,198	)	$	2,999	$	(5,734	)	03/20/2008
1919 North Loop West	1,334		8,451		12,844		1,337		21,292		22,629		(10,615		)	12,014		—			12/05/2006
1935 West Gray	5,965		955		8,810		12,564		3,166		15,730		(52		)	15,678		—			12/01/2015
580 Market Place	3,892		15,570		3,554		3,889		19,127		23,016		(7,784		)	15,232		(15,532		)	04/02/2001
8000 Sunset Strip Shopping Center	18,320		73,431		5,237		18,320		78,668		96,988		(10,680		)	86,308		—			06/27/2012
Alabama Shepherd Shopping Center	637		2,026		7,883		1,062		9,484		10,546		(5,104		)	5,442		—			04/30/2004
Argyle Village Shopping Center	4,524		18,103		5,086		4,526		23,187		27,713		(9,351		)	18,362		—			11/30/2001
Avent Ferry Shopping Center	1,952		7,814		1,304		1,952		9,118		11,070		(3,991		)	7,079		—			04/04/2002
Bartlett Towne Center	3,479		14,210		1,527		3,443		15,773		19,216		(6,900		)	12,316		—			05/15/2001
Baybrook Gateway	10,623		30,307		2,279		10,623		32,586		43,209		(2,122		)	41,087		—			02/04/2015
Bellaire Blvd. Shopping Center	124		37		919		1,011		69		1,080		(40		)	1,040		—			11/13/2008
Best in the West	13,191		77,159		7,573		13,194		84,729		97,923		(26,827		)	71,096		—			04/28/2005
Blalock Market at I-10	—		4,730		1,969		—		6,699		6,699		(4,956		)	1,743		—			12/31/1990
Boca Lyons Plaza	3,676		14,706		5,339		3,651		20,070		23,721		(7,004		)	16,717		—			08/17/2001
Braeswood Square Shopping Center	—		1,421		1,301		—		2,722		2,722		(2,397		)	325		—			05/28/1969
Broadway Marketplace	898		3,637		1,971		906		5,600		6,506		(3,126		)	3,380		—			12/16/1993
Broadway Shopping Center	234		3,166		794		235		3,959		4,194		(2,786		)	1,408		—			03/20/2008
Brookwood Marketplace	7,050		15,134		7,417		7,511		22,090		29,601		(5,920		)	23,681		—			08/22/2006
Brookwood Square Shopping Center	4,008		19,753		925		4,008		20,678		24,686		(5,045		)	19,641		—			12/16/2003
Brownsville Commons	1,333		5,536		315		1,333		5,851		7,184		(1,672		)	5,512		—			05/22/2006
Buena Vista Marketplace	1,958		7,832		1,747		1,956		9,581		11,537		(3,912		)	7,625		—			04/02/2001
Bull City Market	930		6,651		813		930		7,464		8,394		(2,164		)	6,230		(3,458		)	06/10/2005
Cambrian Park Plaza	48,803		1,089		89		48,851		1,130		49,981		(845		)	49,136		—			02/27/2015
Camelback Village Square	—		8,720		1,245		—		9,965		9,965		(5,629		)	4,336		—			09/30/1994
Camp Creek Marketplace II	6,169		32,036		1,551		4,697		35,059		39,756		(9,479		)	30,277		—			08/22/2006
Capital Square	1,852		7,406		1,480		1,852		8,886		10,738		(4,072		)	6,666		—			04/04/2002
Centerwood Plaza	915		3,659		3,363		914		7,023		7,937		(2,549		)	5,388		—			04/02/2001
Charleston Commons Shopping Center	23,230		36,877		2,955		23,210		39,852		63,062		(10,762		)	52,300		—			12/20/2006
Cherry Creek Retail Center	5,416		14,624		—		5,416		14,624		20,040		(3,671		)	16,369		—			06/16/2011

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Chino Hills Marketplace	$	7,218	$	28,872	$	12,549		$	7,234	$	41,405	$	48,639	$	(19,582	)	$	29,057	$	—		08/20/2002
Citadel Building	3,236		6,168		8,659			534		17,529		18,063		(14,801		)	3,262		—			12/30/1975
CityCenter Englewood	—		28,441		14			—		28,455		28,455		(816		)	27,639		(33,000		)	02/12/2016
College Park Shopping Center	2,201		8,845		7,575			2,641		15,980		18,621		(11,363		)	7,258		(11,004		)	11/16/1998
Colonial Plaza	10,806		43,234		14,554			10,813		57,781		68,594		(26,959		)	41,635		—			02/21/2001
Countryside Centre	15,523		29,818		9,321			15,559		39,103		54,662		(11,485		)	43,177		—			07/06/2007
Crabtree Commons	1,272		—		2,565			1,272		2,565		3,837		(7		)	3,830		—			12/12/2016
Creekside Center	1,732		6,929		2,143			1,730		9,074		10,804		(4,267		)	6,537		(7,576		)	04/02/2001
Crossing At Stonegate	6,400		23,384		183			6,400		23,567		29,967		(643		)	29,324		(14,587		)	02/12/2016
Cullen Plaza Shopping Center	106		2,841		406			106		3,247		3,353		(2,712		)	641		—			03/20/2008
Cypress Pointe	3,468		8,700		1,272			3,793		9,647		13,440		(6,166		)	7,274		—			04/04/2002
Dallas Commons Shopping Center	1,582		4,969		94			1,582		5,063		6,645		(1,363		)	5,282		—			09/14/2006
Danville Plaza Shopping Center	—		3,360		6,642			4,292		5,710		10,002		(5,077		)	4,925		—			09/30/1960
Deerfield Mall	10,522		94,321		459			37,128		68,174		105,302		(1,759		)	103,543		—			05/05/2016
Desert Village Shopping Center	3,362		14,969		1,700			3,362		16,669		20,031		(2,946		)	17,085		—			10/28/2010
Discovery Plaza	2,193		8,772		1,303			2,191		10,077		12,268		(4,129		)	8,139		—			04/02/2001
Eastern Commons	10,282		16		(86		)	1,569		8,643		10,212		(5,107		)	5,105		—			12/31/2002
Edgewater Marketplace	4,821		11,225		685			4,821		11,910		16,731		(2,232		)	14,499		(17,600		)	11/19/2010
El Camino Promenade	4,431		20,557		4,771			4,429		25,330		29,759		(9,328		)	20,431		—			05/21/2004
Embassy Lakes Shopping Center	2,803		11,268		1,823			2,803		13,091		15,894		(4,592		)	11,302		—			12/18/2002
Entrada de Oro Plaza Shopping Center	6,041		10,511		2,119			6,115		12,556		18,671		(3,991		)	14,680		—			01/22/2007
Epic Village St. Augustine	283		1,171		4,065			320		5,199		5,519		(3,045		)	2,474		—			09/30/2009
Falls Pointe Shopping Center	3,535		14,289		589			3,542		14,871		18,413		(5,525		)	12,888		—			12/17/2002
Festival on Jefferson Court	5,041		13,983		3,735			5,022		17,737		22,759		(6,379		)	16,380		—			12/22/2004
Fiesta Trails	8,825		32,790		8,528			11,267		38,876		50,143		(13,656		)	36,487		—			09/30/2003
Flamingo Pines Plaza	10,403		35,014		(13,326		)	5,335		26,756		32,091		(8,123		)	23,968		—			01/28/2005
Fountain Plaza	1,319		5,276		1,743			1,095		7,243		8,338		(4,230		)	4,108		—			03/10/1994
Francisco Center	1,999		7,997		4,668			2,403		12,261		14,664		(8,871		)	5,793		(9,996		)	11/16/1998
Freedom Centre	2,929		15,302		5,697			6,944		16,984		23,928		(5,967		)	17,961		—			06/23/2006
Galleria Shopping Center	10,795		10,339		8,468			10,504		19,098		29,602		(5,026		)	24,576		—			12/11/2006
Galveston Place	2,713		5,522		5,948			3,279		10,904		14,183		(8,688		)	5,495		—			11/30/1983
Gateway Plaza	4,812		19,249		4,957			4,808		24,210		29,018		(9,792		)	19,226		(23,000		)	04/02/2001
Gateway Station	1,622		3		11,410			1,921		11,114		13,035		(4,352		)	8,683		—			09/30/2009
Grayson Commons	3,180		9,023		236			3,163		9,276		12,439		(2,939		)	9,500		(4,952		)	11/09/2004
Green Valley Ranch - Auto Zone	440		—		—			440		—		440		—			440		—			02/12/2016

	Initial Cost to Company						Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition		Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Greenhouse Marketplace	$	4,607	$	22,771	$	4,184	$	4,750	$	26,812	$	31,562	$	(9,411	)	$	22,151	$	—		01/28/2004
Griggs Road Shopping Center	257		2,303		399		257		2,702		2,959		(1,841		)	1,118		—			03/20/2008
Harrisburg Plaza	1,278		3,924		1,082		1,278		5,006		6,284		(4,167		)	2,117		(8,291		)	03/20/2008
HEB - Dairy Ashford & Memorial	1,717		4,234		—		1,717		4,234		5,951		(910		)	5,041		—			03/06/2012
Heights Plaza Shopping Center	58		699		2,611		1,055		2,313		3,368		(1,534		)	1,834		—			06/30/1995
High House Crossing	2,576		10,305		482		2,576		10,787		13,363		(4,227		)	9,136		—			04/04/2002
Highland Square	—		—		1,887		—		1,887		1,887		(564		)	1,323		—			10/06/1959
Hilltop Village Center	3,196		7,234		53,819		3,960		60,289		64,249		(8,467		)	55,782		—			01/01/2016
Hope Valley Commons	2,439		8,487		403		2,439		8,890		11,329		(1,623		)	9,706		—			08/31/2010
Horne Street Market	603		—		2,047		603		2,047		2,650		(51		)	2,599		—			10/30/2016
Humblewood Shopping Center	2,215		4,724		6,982		1,166		12,755		13,921		(8,479		)	5,442		—			03/09/1977
I45/Telephone Rd.	678		11,182		666		678		11,848		12,526		(6,285		)	6,241		(9,380		)	03/20/2008
Independence Plaza I & II	19,351		31,627		1,894		19,351		33,521		52,872		(5,446		)	47,426		(16,224		)	06/11/2013
Jess Ranch Marketplace	8,750		25,560		596		8,750		26,156		34,906		(3,576		)	31,330		—			12/23/2013
Jess Ranch Marketplace Phase III	8,431		21,470		191		8,431		21,661		30,092		(3,015		)	27,077		—			12/23/2013
Lakeside Marketplace	6,064		22,989		3,242		6,150		26,145		32,295		(8,255		)	24,040		—			08/22/2006
Largo Mall	10,817		40,906		6,048		10,810		46,961		57,771		(16,071		)	41,700		—			03/01/2004
Laveen Village Marketplace	1,190		—		5,128		1,006		5,312		6,318		(3,312		)	3,006		—			08/15/2003
League City Plaza	1,918		7,592		1,429		2,317		8,622		10,939		(5,158		)	5,781		(8,470		)	03/20/2008
Leesville Towne Centre	7,183		17,162		1,632		7,223		18,754		25,977		(6,329		)	19,648		—			01/30/2004
Lowry Town Center	1,889		23,165		132		3,777		21,409		25,186		(203		)	24,983		—			09/14/2016
Madera Village Shopping Center	3,788		13,507		1,335		3,816		14,814		18,630		(4,287		)	14,343		—			03/13/2007
Market at Town Center - Sugarland	8,600		26,627		24,355		8,600		50,982		59,582		(26,242		)	33,340		—			12/23/1996
Market at Westchase Shopping Center	1,199		5,821		2,796		1,415		8,401		9,816		(6,076		)	3,740		—			02/15/1991
Marketplace at Seminole Towne	16,067		53,743		8,101		22,711		55,200		77,911		(15,352		)	62,559		—			08/21/2006
Markham West Shopping Center	2,694		10,777		5,127		2,696		15,902		18,598		(8,506		)	10,092		—			09/18/1998
Marshall's Plaza	1,802		12,315		711		1,804		13,024		14,828		(4,151		)	10,677		—			06/01/2005
Mendenhall Commons	2,655		9,165		1,087		2,677		10,230		12,907		(2,996		)	9,911		—			11/13/2008
Menifee Town Center	1,827		7,307		5,248		1,824		12,558		14,382		(5,020		)	9,362		—			04/02/2001
Millpond Center	3,155		9,706		1,816		3,161		11,516		14,677		(4,192		)	10,485		—			07/28/2005
Mohave Crossroads	3,953		63		35,590		3,128		36,478		39,606		(20,847		)	18,759		—			12/31/2009
Monte Vista Village Center	1,485		58		5,633		755		6,421		7,176		(4,201		)	2,975		—			12/31/2004
Moore Plaza	6,445		26,140		11,423		6,487		37,521		44,008		(20,222		)	23,786		—			03/20/1998
Mueller Regional Retail Center	10,382		56,303		440		10,382		56,743		67,125		(8,286		)	58,839		(33,512		)	10/03/2013
North Creek Plaza	6,915		25,625		4,736		6,954		30,322		37,276		(11,254		)	26,022		—			08/19/2004

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
North Towne Plaza	$	960	$	3,928	$	7,602		$	879	$	11,611	$	12,490	$	(8,526	)	$	3,964	$	—		02/15/1990
North Towne Plaza	6,646		99		1,719			1,005		7,459		8,464		(2,675		)	5,789		—			04/01/2010
Northbrook Shopping Center	1,629		4,489		3,727			1,713		8,132		9,845		(6,745		)	3,100		(9,265		)	11/06/1967
Northwoods Shopping Center	1,768		7,071		637			1,772		7,704		9,476		(2,949		)	6,527		—			04/04/2002
Oak Forest Shopping Center	760		2,726		5,276			748		8,014		8,762		(6,015		)	2,747		(7,650		)	12/30/1976
Oak Grove Market Center	5,758		10,508		1,059			5,861		11,464		17,325		(3,138		)	14,187		—			06/15/2007
Oracle Crossings	4,614		18,274		29,600			10,582		41,906		52,488		(11,136		)	41,352		—			01/22/2007
Oracle Wetmore Shopping Center	24,686		26,878		7,486			13,813		45,237		59,050		(12,168		)	46,882		—			01/22/2007
Overton Park Plaza	9,266		37,789		12,671			9,264		50,462		59,726		(18,403		)	41,323		—			10/24/2003
Palmilla Center	1,258		—		13,164			2,882		11,540		14,422		(6,956		)	7,466		—			12/31/2002
Palms of Carrollwood	3,995		16,390		1,942			3,995		18,332		22,327		(2,878		)	19,449		—			12/23/2010
Paradise Marketplace	2,153		8,612		(1,831		)	1,197		7,737		8,934		(4,359		)	4,575		—			07/20/1995
Parliament Square II	2		10		1,183			3		1,192		1,195		(885		)	310		—			06/24/2005
Perimeter Village	29,701		42,337		4,466			34,404		42,100		76,504		(12,237		)	64,267		(32,122		)	07/03/2007
Phillips Crossing	—		1		28,384			872		27,513		28,385		(12,436		)	15,949		—			09/30/2009
Phoenix Office Building	1,696		3,255		1,334			1,773		4,512		6,285		(1,689		)	4,596		—			01/31/2007
Pike Center	—		40,537		2,628			—		43,165		43,165		(8,256		)	34,909		—			08/14/2012
Plantation Centre	3,463		14,821		1,961			3,471		16,774		20,245		(5,709		)	14,536		—			08/19/2004
Prospector's Plaza	3,746		14,985		5,738			3,716		20,753		24,469		(7,687		)	16,782		—			04/02/2001
Pueblo Anozira Shopping Center	2,750		11,000		4,970			2,768		15,952		18,720		(9,669		)	9,051		(14,730		)	06/16/1994
Raintree Ranch Center	11,442		595		17,861			10,983		18,915		29,898		(10,906		)	18,992		—			03/31/2008
Rancho San Marcos Village	3,533		14,138		5,306			3,887		19,090		22,977		(7,279		)	15,698		—			02/26/2003
Rancho Towne & Country	1,161		4,647		711			1,166		5,353		6,519		(3,002		)	3,517		—			10/16/1995
Randalls Center/Kings Crossing	3,570		8,147		459			3,585		8,591		12,176		(5,443		)	6,733		—			11/13/2008
Red Mountain Gateway	2,166		89		9,558			2,737		9,076		11,813		(4,936		)	6,877		—			12/31/2003
Regency Centre	5,616		18,516		2,781			3,581		23,332		26,913		(6,670		)	20,243		—			07/28/2006
Reynolds Crossing	4,276		9,186		273			4,276		9,459		13,735		(2,508		)	11,227		—			09/14/2006
Richmond Square	1,993		953		13,594			14,512		2,028		16,540		(1,370		)	15,170		—			12/31/1996
Ridgeway Trace	26,629		544		22,992			16,100		34,065		50,165		(11,908		)	38,257		—			11/09/2006
River Oaks Shopping Center - East	1,354		1,946		332			1,363		2,269		3,632		(1,984		)	1,648		—			12/04/1992
River Oaks Shopping Center - West	3,534		17,741		35,828			4,207		52,896		57,103		(26,309		)	30,794		—			12/04/1992
River Point at Sheridan	28,898		4,042		15,775			10,659		38,056		48,715		(8,634		)	40,081		—			04/01/2010
Roswell Corners	6,136		21,447		3,379			5,835		25,127		30,962		(7,763		)	23,199		(4,783		)	06/24/2004
Roswell Crossing Shopping Center	7,625		18,573		1,129			7,625		19,702		27,327		(3,924		)	23,403		—			07/18/2012
San Marcos Plaza	1,360		5,439		747			1,358		6,188		7,546		(2,499		)	5,047		—			04/02/2001

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Scottsdale Horizon	$	—	$	3,241	$	38,965		$	12,914	$	29,292	$	42,206	$	(3,266	)	$	38,940	$	—		01/22/2007
Scottsdale Waterfront	10,281		40,374		35			32,891		17,799		50,690		(294		)	50,396		—			08/17/2016
Sea Ranch Centre	11,977		4,219		1,090			11,977		5,309		17,286		(1,068		)	16,218		—			03/06/2013
Shoppes at Bears Path	3,252		5,503		1,377			3,290		6,842		10,132		(2,304		)	7,828		—			03/13/2007
Shoppes at Memorial Villages	1,417		4,786		9,412			3,332		12,283		15,615		(8,305		)	7,310		—			01/11/2012
Shoppes of South Semoran	5,339		9,785		(1,499		)	5,672		7,953		13,625		(2,231		)	11,394		—			08/31/2007
Shops at Kirby Drive	1,201		945		276			1,202		1,220		2,422		(483		)	1,939		—			05/27/2008
Shops at Three Corners	6,215		9,303		10,394			10,587		15,325		25,912		(10,398		)	15,514		—			12/31/1989
Silver Creek Plaza	3,231		12,924		3,414			3,228		16,341		19,569		(7,032		)	12,537		(14,581		)	04/02/2001
Six Forks Shopping Center	6,678		26,759		6,420			6,728		33,129		39,857		(13,262		)	26,595		—			04/04/2002
Southampton Center	4,337		17,349		3,090			4,333		20,443		24,776		(8,784		)	15,992		(19,750		)	04/02/2001
Southgate Shopping Center	232		8,389		709			231		9,099		9,330		(5,696		)	3,634		(5,544		)	03/20/2008
Squaw Peak Plaza	816		3,266		3,250			818		6,514		7,332		(3,504		)	3,828		—			12/20/1994
Stella Link Shopping Center	2,830		1,841		119			2,897		1,893		4,790		(1,624		)	3,166		—			07/10/1970
Stonehenge Market	4,740		19,001		2,358			4,740		21,359		26,099		(8,752		)	17,347		—			04/04/2002
Stony Point Plaza	3,489		13,957		11,384			3,453		25,377		28,830		(10,026		)	18,804		(11,036		)	04/02/2001
Summerhill Plaza	1,945		7,781		2,790			1,943		10,573		12,516		(5,165		)	7,351		—			04/02/2001
Sunset 19 Shopping Center	5,519		22,076		3,515			5,547		25,563		31,110		(9,445		)	21,665		—			10/29/2001
Surf City Crossing	3,220		52		5,025			2,655		5,642		8,297		(2,350		)	5,947		—			12/06/2006
Tates Creek Centre	4,802		25,366		1,608			5,766		26,010		31,776		(8,821		)	22,955		—			03/01/2004
The Centre at Post Oak	13,731		115		23,956			17,822		19,980		37,802		(12,682		)	25,120		—			12/31/1996
The Commons at Dexter Lake	2,923		12,007		2,674			2,949		14,655		17,604		(5,770		)	11,834		—			11/13/2008
The Commons at Dexter Lake II	2,023		6,940		330			2,039		7,254		9,293		(2,095		)	7,198		—			11/13/2008
The Palms at Town & Country	56,833		195,203		65			45,679		206,422		252,101		(2,602		)	249,499		—			07/27/2016
The Shoppes at Parkwood Ranch	4,369		52		10,339			2,420		12,340		14,760		(6,517		)	8,243		—			12/31/2009
The Westside Center	14,952		10,350		105			14,952		10,455		25,407		(358		)	25,049		—			12/22/2015
Thompson Bridge Commons	604		—		625			513		716		1,229		(112		)	1,117		—			04/26/2005
Thousand Oaks Shopping Center	2,973		13,142		1,037			2,973		14,179		17,152		(5,090		)	12,062		(9,746		)	03/20/2008
TJ Maxx Plaza	3,400		19,283		3,550			3,430		22,803		26,233		(7,468		)	18,765		—			03/01/2004
Tomball Marketplace	9,616		262		23,802			6,727		26,953		33,680		(9,844		)	23,836		—			04/12/2006
Trenton Crossing/North McAllen	9,855		29,133		483			9,855		29,616		39,471		(1,178		)	38,293		—			08/31/2015
Tropicana Beltway Center	13,947		42,186		1,498			13,949		43,682		57,631		(14,631		)	43,000		—			11/20/2007
Tropicana Marketplace	2,118		8,477		(1,208		)	1,206		8,181		9,387		(4,137		)	5,250		—			07/24/1995
Valley Shopping Center	4,293		13,736		1,602			8,910		10,721		19,631		(3,182		)	16,449		—			04/07/2006
Valley View Shopping Center	1,006		3,980		2,342			1,006		6,322		7,328		(3,617		)	3,711		—			11/20/1996

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Vizcaya Square Shopping Center	$	3,044	$	12,226	$	2,187		$	3,044	$	14,413	$	17,457	$	(5,019	)	$	12,438	$	—		12/18/2002
Wake Forest Crossing II	395		940		1,095			395		2,035		2,430		—			2,430		—			06/04/2014
Waterford Village	5,830		—		9,747			3,775		11,802		15,577		(5,906		)	9,671		—			06/11/2004
Wellington Green Commons & Pad	16,500		32,489		614			16,500		33,103		49,603		(1,621		)	47,982		(19,178		)	04/20/2015
West Jordan Town Center	4,306		17,776		2,141			4,308		19,915		24,223		(6,816		)	17,407		—			12/19/2003
Westchase Shopping Center	3,085		7,920		13,120			3,189		20,936		24,125		(12,646		)	11,479		—			08/29/1978
Westhill Village Shopping Center	408		3,002		6,125			437		9,098		9,535		(5,423		)	4,112		—			05/01/1958
Westland Fair	27,562		10,506		(7,851		)	12,220		17,997		30,217		(9,415		)	20,802		—			12/29/2000
Westminster Center	11,215		44,871		8,582			11,204		53,464		64,668		(22,675		)	41,993		(47,250		)	04/02/2001
Whitehall Commons	2,529		6,901		688			2,522		7,596		10,118		(2,405		)	7,713		—			10/06/2005
Whole Foods @ Carrollwood	2,772		126		4,634			2,854		4,678		7,532		(846		)	6,686		—			09/30/2011
Winter Park Corners	2,159		8,636		1,617			2,159		10,253		12,412		(4,192		)	8,220		—			09/06/2001
	1,002,496		2,630,048		902,019			1,036,136		3,498,427		4,534,563		(1,151,835		)	3,382,728		(417,951		)
New Development:
Gateway Alexandria	42,163		2,669		789			42,468		3,153		45,621		—			45,621		—			11/01/2016
Nottingham Commons	19,523		2,398		19,161			21,229		19,853		41,082		(278		)	40,804		—			09/24/2014
	61,686		5,067		19,950			63,697		23,006		86,703		(278		)	86,425		—
Miscellaneous (not to exceed 5% of total)	130,469		9,355		28,055			141,953		25,926		167,879		(32,433		)	135,446		—
Total of Portfolio	$	1,194,651	$	2,644,470	$	950,024		$	1,241,786	$	3,547,359	$	4,789,145	$	(1,184,546	)	$	3,604,599	$	(417,951	)

___________________

(1) The book value of our net fixed asset exceeds the tax basis by approximately $268.7 million at December 31, 2016.

(2) Encumbrances do not include $21.8 million outstanding under fixed-rate mortgage debt associated with two properties each held in a tenancy-in-common arrangement, $1.7 million of deferred debt costs and $5.1 million of non-cash debt related items.

Depreciation is computed using the straight-line method, generally over estimated useful lives of 18-40 years for buildings and 10-20 years for parking lot surfacing and equipment. Tenant and leasehold improvements are depreciated over the remaining life of the lease or the useful life whichever is shorter.

The changes in total cost of the properties were as follows (in thousands):

	Year Ended December 31,
	2016			2015			2014
Balance at beginning of year	$	4,262,959		$	4,076,094		$	4,289,276
Additions at cost	654,513			319,789			144,474
Retirements or sales	(126,666		)	(79,608		)	(348,221		)
Property held for sale	(1,563		)	(53,163		)	(9,435		)
Impairment loss	(98		)	(153		)	—
Balance at end of year	$	4,789,145		$	4,262,959		$	4,076,094

The changes in accumulated depreciation were as follows (in thousands):

	Year Ended December 31,
	2016			2015			2014
Balance at beginning of year	$	1,087,642		$	1,028,619		$	1,058,040
Additions at cost	131,120			120,426			125,226
Retirements or sales	(33,132		)	(42,603		)	(148,882		)
Property held for sale	(1,084		)	(18,800		)	(5,765		)
Balance at end of year	$	1,184,546		$	1,087,642		$	1,028,619